Volkswagen net income falls 85%
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AP
2009-11-01
German carmaker Volkswagen AG says net income for the third quarter fell 85 percent as the global downturn affected demand for its cars and trucks.
Europe's biggest automotive group by sales made 172 million euros ($A278.86 million), down from 1.2 billion euros ($A1.95 billion) in the July-September period a year ago.
VW, based in Wolfsburg, said sales for the quarter fell 10.3 per cent to 26 billion euros ($A42.15 billion) from 29 billion euros ($A47.02 billion) in the third quarter of 2008.
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